| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 8 March 2006 13:10:02
Resistance levels: 1.1945/1.2000/1.2060
Support levels: 1.1890/1.1865/1.1825
EUR/USD has find temporary Resistance at 1.1945(100 Days-MA) as it was expected in our morning edition.Eventual upmove will be limited to 1.1970 today.We suppose the downmove to resume with price back to 1.1825 and 1.1780.There is first Support around 1.1890.Fall below that level will lead price lower to 1.1860 today and maybe 1.1780 tomorrow.
Strategy-neutral.
FXDREAM GBP/USD
Date: Wed, 8 March 2006 13:10:02
Resistance levels: 1.7420/1.7460/1.7520
Support levels: 1.7330/1.7280/1.7130
GBP/USD has risen to 1.7422 in the morning European session.Now the pair meets immediate Support at 1.7360,Fall below that level in the US trading session may move price lower to 1.7300 and 1.7280.In Longer view we may target 1.7150-30 till the end of the week.
Sell GBP/USD at 1.7370,Stop-loss-1.7405,Take profit-1.7305(1.7280)
FXDREAM USD/JPY
Date: Wed, 8 March 2006 13:10:02
Resistance levels: 117.80/118.55/119.40
Support levels: 117.50/117.00/116.40
USD/JPY found trend Support at 117.50 in the morning European trend and tested 117.80 first Resistance again.In longer term the sentiment remains bullish with up targets 118.55 and 119.40.Overnight Bank of Japan monetary Report will be released.Till then we prefer to stay out of the market.We will look for test above 117.80-118.00 first Resistance region to confirm further upmove.
Strategy-neutral
Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only.
|
